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	<title>Terry Branstad &#8211; CalWatchdog.com</title>
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		<title>Iowa might not be so attractive for CA businesses</title>
		<link>https://calwatchdog.com/2013/02/21/iowa-might-not-be-so-attractive-for-ca-businesses/</link>
					<comments>https://calwatchdog.com/2013/02/21/iowa-might-not-be-so-attractive-for-ca-businesses/#comments</comments>
		
		<dc:creator><![CDATA[CalWatchdog Staff]]></dc:creator>
		<pubDate>Thu, 21 Feb 2013 17:38:42 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Iowa]]></category>
		<category><![CDATA[John Seiler]]></category>
		<category><![CDATA[Rick Perry]]></category>
		<category><![CDATA[Terry Branstad]]></category>
		<category><![CDATA[Texas]]></category>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=38199</guid>

					<description><![CDATA[Feb. 21, 2013 By John Seiler Long Beach still sometimes is called &#8220;Iowa Beach&#8221; because so many people from that state migrated West from the snow and the corn fields]]></description>
										<content:encoded><![CDATA[<p><a href="http://www.calwatchdog.com/2013/02/21/iowa-might-not-be-so-attractive-for-ca-businesses/corn-field/" rel="attachment wp-att-38204"><img decoding="async" class="alignright size-medium wp-image-38204" alt="corn field" src="http://www.calwatchdog.com/wp-content/uploads/2013/02/corn-field-300x111.jpg" width="300" height="111" align="right" hspace="20" /></a>Feb. 21, 2013</p>
<p>By John Seiler</p>
<p>Long Beach still sometimes is called &#8220;Iowa Beach&#8221; because so many people from that state migrated West from the snow and the corn fields to the beach and the sun. Now, they could be <a href="http://abclocal.go.com/kgo/story?section=news/politics&amp;id=8998713" target="_blank" rel="noopener">going the other way</a>:</p>
<p style="padding-left: 30px;"><em>&#8220;DES MOINES, Iowa &#8212; Gov. Terry Branstad said Monday that he&#8217;s heading to California in an effort to get West Coast businesses to consider setting up shop in Iowa. Calling California a &#8216;happy hunting ground,&#8217; Branstad said he&#8217;ll travel there this week, but the Republican declined to name the businesses he&#8217;ll be courting. </em></p>
<p style="padding-left: 30px;"><em>&#8220;&#8216;What we do, we call on companies that already have an investment here and we call companies that are prospects,&#8217; Branstad said, arguing that Iowa&#8217;s efforts to reduce commercial taxes should make it attractive. &#8216;Their plan is if it doesn&#8217;t move, tax it'&#8221;</em></p>
<p>I wish Republicans would come up with some new cliches. But I suppose that&#8217;s asking too much.</p>
<p>His trip won&#8217;t make as many headlines as the recent business-poaching trip of Texas Gov. Rick Perry. And whereas Texas offers some obvious advantages over California, Iowa does not.</p>
<p>Iowa&#8217;s top state personal income tax rate is <a href="http://taxfoundation.org/article/state-individual-income-tax-rates-2000-2012" target="_blank" rel="noopener">8.98 percent</a>, compared to 13.3 percent in California. Probably not enough of an improvement to lure millionaires from Pacific Palisades to Dubuque. By contrast, Texas offers zero percent.</p>
<p>The <a href="http://taxfoundation.org/article/state-corporate-income-tax-rates-2000-2012" target="_blank" rel="noopener">top state corporate income tax rate</a> is 12.5 percent in Iowa, 8.84 percent in California and zero percent in Texas.</p>
<p>Earlier this year, Branstad said he would no longer pursue getting rid of Iowa&#8217;s corporate and personal income taxes. Instead, he&#8217;s going to <a href="http://www.omaha.com/article/20130207/NEWS/702089944" target="_blank" rel="noopener">focus on cutting property taxes</a>.</p>
<p>Well, California&#8217;s property taxes already are fairly low thanks to Proposition 13. Although property prices here are triple those in Iowa and most other states because of our severe restrictions on building.</p>
<p>Bottom line: Iowa doesn&#8217;t offer enough incentives to attract many businesses and people to leave California. The Hawkeye State is the Golden State with bad weather.</p>
<p>The amber waves of grain still are no match for the golden beaches.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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